Marvell Technology raised its fiscal year 2027 revenue guidance to $11.5 billion and projects a further 45% increase to $16.5 billion in fiscal year 2028. This growth is driven by strong demand in AI infrastructure, with data center revenue now making up 76% of total sales and interconnect revenue expected to grow over 70%. Operating leverage is improving as revenue grows faster than operating expenses, signaling efficient scaling. Nvidia's Computex keynote highlighted networking bottlenecks, underscoring Marvell's strategic role in AI technology layers, supporting its bullish outlook.
Marvell Technology's stock has surged 125% since the last Strong Buy rating, driven by strong AI data center revenue and record operating cash flow. However, the stock now trades at high multiples (around 70x trailing and 50x forward earnings), limit...
Marvell Technology reported adjusted earnings of 80 cents per share, slightly above analyst estimates, with revenue rising 28% year-over-year to $2.42 billion. The company's data center segment, driven by AI infrastructure demand, hit a record $1.83 ...
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
